is there any economic effect for the country or bitcoin users - page 10.

faceoff97

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Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

This has been an old news and this makes short effect for bitcoin market only. Since bitcoin is decentralized and no country or people has control over it, they can ban it but they cant definitely stop it. Bitcoin will go on with or without any intervention of the government. he truth is that the only way a government can do Is to regulate or to just ban it. Most country who bans it are those government who see I as at threat and see it as something not really beneficial for them.

marzyyy

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I also wonder about this. Do injecting a lot of cash in a country without contributing to the GDP affect it's economy?

Breackup

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Quote from: Hydrogen on January 17, 2018, 07:40:00 PM

Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

....

When a retail website like amazon.com goes down. There are some who claim this can represent millions in lost revenue. The same principle could apply to currency support. If there is a high demand for bitcoin and alts which are banned. That demand often can't be replaced. Its based on value and utility. Banning bitcoin is like shutting down the golden gate bridge or something people need and rely on which can't easily be replaced. A ban on crypto definitely represents negative impact upon the economy of a nation. I don't think there is anyone in the world who will argue with that. The only question is how much of a negative impact does a crypto ban represent.

There is also a side issue where independence movements across the world are likely to embrace bitcoin and crypto currencies to gain further independence from central banks. Brexit, the catalan independence movement and similar social reformation occurring around the world could embrace bitcoin and crypto. These bans could become polarized in the sense that independence movements may be likely to legalized and support crypto while those who oppose independence may move to ban crypto as they are able.

I also agree with you. Bitcoin and other coins are limited, both of which price and demand are more. If the crypto world is destroyed,If the cryptosystem is destroyed then the economy will have negative effects.Now many media and governments have begun to ban Bitcoin.Recent countries, including France and South Korea, have banned crypto.For this reason, other countries are concerned that the crypto may destroy their economy and may go against them . Many people use crypto for illegal purposes. But they do not understand it, Bitcoin economy greatly affect its users.

Findingnemo

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Quote from: 0t3p0t on March 19, 2018, 01:39:12 AM

Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Yes it has negative effects on both sides of course. Banning crypto in a certain country makes online payments inconvenient, people lose income and government loses revenue for every taxes paid by crypto enthusiasts upon withdrawal of funds.

Yes many talks going on many of the countries will make a ban for bitcoin not in serious move but some talks going on bitcoin but the it not possible soon so the investors should not panic and not sell you bitcoin.

rhayot

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Probably yes, both of the country and bitcoin users can experience a negative effect for banning crypto trading or investing in the country. Because in the country's economy the virtual or digital transaction will be drop down and as well as the innovation of technology in their place. While it may have a also a large impact for the bitcoin users because, we all know when the bitcoin came, it lessen the population of unemployment rate. If this will be push through, the banning of crypto it may fluctuate the market of it, but nevertheless it is still a decentralized currency.

0t3p0t

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Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Yes it has negative effects on both sides of course. Banning crypto in a certain country makes online payments inconvenient, people lose income and government loses revenue for every taxes paid by crypto enthusiasts upon withdrawal of funds.

devormity

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Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

All countries that strictly prohibit bitcoin will inevitably affect their own countries as well as their own communities in the crypto world, will have a huge impact on the economy of society and experience a very extreme decline, for me the country will not care for all of it.

really01

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You're right. There are now quite a few countries that have banned bitcoins and other coins. This affects quite a lot of altcoin. However, it only affects ICO projects because it makes them more difficult to implement. As for bitcoins, they are almost impossible to die. So even if it is forbidden, it can only reduce the price of bitcoin.

algerianimminent5

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Not all the countries are doing so and for that reason its structure is just as it was before so you need not to worry about btcs

WordDeckTuch

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Hope there is an effect because then only peopl will get to know how unsafe and unreliable the bitcoins are

JerryJam

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Bitcoin has no special impact on the economy of the state. Because it does not have the status of a traditional currency. To buy something with bitcoins you need to transfer it into Fiat N this stage, the cryptocurrency supports Fiat money. This allows you to increase the flow of Fiat money in the state budget. If the cryptocurrency were recognized as a traditional currency, there would be a reverse process. Would the outflow of Fiat. This would be detrimental to the state Treasury.

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Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Actually I really believe that if the people of country become rich then there will be a great change in economic problem of one country. I mean if the people use bitcoin then they will become rich because of bitcoin they will not already needed the help of the government.

heraldlazaro25

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Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

If bitcoin and other crypto currencies were banned in a certain country that supports it, there will be a lot of changes that might happen. First in the economy. It may slow down or stop developing or it will go back to normal. Then to the people, they will have less capability to earn their own money especially the poor people.

Taki

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Yeah, there are like 10 countries which shorted the use of crypto currencies or admitted it as illegal at all. I think it brings negative effect on the country's economy. People in those countries, which stay friendly or simply clam to crypto currencies, have much more money in hands; that means that they spend more in their usual life and that fact moves the economy as inside of the country as abroad, cause of people of nowadays became more free and borderless in the case of their shopping and spending money in general.

isaac_clarke22

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Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

No nothing at all when going from Btc to fiat, since the affection mainly comes to Bitcoin in its price drop. It is like in the image of reverting back to default instrument of the finance system in the economy, but from Fiat to BTC would have an impact to the economy as government will notice all the flows/circulation of cash in a market, like for example that the country has a lot of investors to BTC (take Japan for example). It is either government/banks will support that circulation in the economy.

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Quote from: KomodoStrikes on March 18, 2018, 07:16:07 AM

Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

First, the users will suffer as the effect of total ban begins.
Economic status of the people involved in crypto will be affected dramatically including the country's economic status as a whole.
And i think people will do a way to continue doing crypto despite the ban because there are still countries who legalize the use of cryptos.

It affects the bitcoin users mainly if there ban in their country because bitcoin is helping lot of people to earn money but if they ban it they can't trade it so it is revenue loss or the inestors but it will also affect the country's economy since users will pay taxes to their earnings so it will cut out if they ban it.But mostly users will suffers than the country.

KomodoStrikes

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Quote from: stevano on January 16, 2018, 07:20:57 PM

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

First, the users will suffer as the effect of total ban begins.
Economic status of the people involved in crypto will be affected dramatically including the country's economic status as a whole.
And i think people will do a way to continue doing crypto despite the ban because there are still countries who legalize the use of cryptos.

thecoder2017

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I believe that there is a little effect in economy where there are bitcoin users because it may help some people with no job to earn for their living and these may also affect the problem regarding poverty.

untidyaudi4

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NO there will not be any eceonomic effect on btcs as if one leaves the ecosystem then the other one will take its place in the ecosystem

sordinihandbag

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Yes ofcourse there will be an impact on the users and as well as the country too. better to clear off your stock before your country too does it

Topic: is there any economic effect for the country or bitcoin users - page 10. (Read 2328 times)